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Banks and federally chartered trust and loan companies are required to transfer to the Bank of Canada all unclaimed bank balances maintained in Canada in Canadian currency that have been inactive for a period of 10 years.

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Governor Stephen S. Poloz, Minister of Finance Bill Morneau and Minister of Status of Women Patty Hajdu will reveal which iconic Canadian woman will be featured on the next regularly circulating bank note. (9:00 (ET) approx.).

Toni Ahnert is a Senior Economist in the Financial Stability Department at the Bank of Canada. His research interests include banking theory, financial crises, and international finance. He received his Ph.D. in Economics from the London School of Economics and Political Science.

Patrick Alexander is a Senior Economist in the International Economic Analysis Department. His primary research interests include international trade, macroeconomics and applied econometrics. Patrick Alexander received his Ph.D. in Economics from Queen’s University.

Jason Allen is a Senior Research Advisor in the Financial Stability Department at the Bank of Canada. He is an applied microeconomist whose primary research interests center on the household sector and the role that competition in retail banking plays in shaping credit outcomes.